Dogecoin (DOGE) price analysis: The Price of coin likely to continue to fall

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Dogecoin (DOGE) has consistently fallen for quite a long time now. As of writing this article, the coin was trading at $0.0024 against the United States dollar (USD). The market cap of the coin was $297,071,260 United States dollar (USD) and the 24 hours trading volume of the coin was $26,287,803  United States dollar (USD).

Today is not a good day for almost all the coins in the Crypto market as almost every coin is showing a fall so much cannot be expected from the Dogecoin (DOGE) as well since the coin is already falling at an unprecedented rate in the market.

Dogecoin Statics 

Dogecoin Price $0.00248176
Market Cap $300,288,883
Market Cap Dominance 0.12%
Trading Volume $48,577,324

Yesterday that coin was trading at$0.0026 against the United States dollar (USD) and from that point, it fell by almost 8 percent to $0.0024 mark against the United States dollar (USD). The fall of the coin did not stop there and started falling further to a low point of  $0.002332 against the United States dollar (USD).

Dogecoin (DOGE) has the required potential to revive from its current position. Although the coin has shown regression of around 16 percent in the last 30 days still it can be improved. We need to wait and see how the coin plays out once the market gains some stability. At the present juncture, it is very difficult to say anything about Dogecoin (DOGE) with conformity.

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